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The following table shows the demand and supply schedules for a competitive market for loaves of bread per day in Granville. Price of bread Quantity
The following table shows the demand and supply schedules for a competitive market for loaves of bread per day in Granville. Price of bread Quantity demanded Quantity supplied $2 O $4 300 100 $6 200 200 $8 100 300 $10 O Calculate the consumer surplus and producer surplus in equilibrium. Show your working
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